Ireland to implement 90% tax on banker bonuses

This should be the model for other countries, but we all know they’re much too afraid of taking on the bankers. They’re important people and geniuses, you know. CNBC:

Irish Finance Minister Brian Lenihan said on Thursday he would include a 90 percent charge on bankers’ bonuses in the budget bill.

“As far as the future is concerned I do propose to introduce the amendment to the finance bill to put this matter beyond any doubt and provide a high rate, a 90 percent rate of charge on any … bankers’ bonuses,” Lenihan told local radio.

Ireland’s government will seek parliamentary approval for a 85 billion euro ($113 billion) IMF/EU rescue package next week,in a surprise maneuver designed to embarrass its political rivals.

Chris in Paris
An American in Paris, France. BA in History & Political Science from Ohio State. Provided consulting services to US software startups, launching new business overseas that have both IPO’d and sold to well-known global software companies. Currently launching a new cloud-based startup. Full bio here.

Archives

"Family values" conservative GOP US Senate candidate Roy Moore of Alabama is in trouble. He stands accused of inappropriate sexual contact with four teenage girls, aged 14 to 18, when he was a 30-something lawyer.